Nevada Administrative Code
Chapter 683A - Persons Involved in Sale or Administration of Insurance
LICENSING OF BANKS
Section 683A.088 - "Control" defined
Universal Citation: NV Admin Code 683A.088
Current through September 16, 2024
1. "Control" means the possession, by any means, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, including a bank.
2. Control will be presumed to exist if any person, directly or indirectly, owns, controls, holds with the power to vote or holds proxies representing 25 percent or more of the voting securities of any other person, including a bank.
Added to NAC by Comm'r of Insurance, eff. 8-2-82
NRS 679B.130, 683A.231
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